As of September 25, 2025, Dharan Infra-EPC is locked at the 2% upper circuit amid renewed interest following fresh solar EPC contracts and governance updates. Sentiment has been supported by visibility on order wins, consolidation at the parent level and clarity on AGM timelines under regulatory extension.
Investors reacted to aggregate work contracts of about ₹262.10 crore awarded to wholly owned unit Dharan Infra Solar for a grid-connected solar plant linked to agriculture feeder solarisation in Uttar Pradesh, with consolidation at the parent under Ind AS aiding reported performance optics. The company also disclosed a 3-month AGM extension approval, reducing event risk and signalling compliance traction.
Founded in 2007 in Nashik, the developer operates across residential, commercial and contractual projects, with noted projects such as Hari Kunj Mayflower, Hari Vishwa, Hari Sanskruti II, Hari Siddhi and Hari Bhakti. The firm cites 100-plus possessions across ongoing Nashik projects and a cumulative 109-plus units since April 2024, with sector drivers including supply-demand dynamics, regulation and macro conditions.
The company reported approximately ₹262.10 crore of solar EPC contracts via its subsidiary from a leading Indian renewable developer, with promoters and group stating no interest in the awarding entity. Annexure A indicates execution timelines up to April 30, 2026 and confidentiality on counterparty identity for commercial reasons.
Read More:Upper Circuit Alert: Dharan Infra EPC Share Price Hits Upper Circuit for Ninth Session!
The Registrar of Companies, Mumbai, permitted a 3-month extension under Section 96, allowing the 18th AGM to be held by December 31, 2025, with the FY 2024 25 AGM date to be announced. The extension offers administrative runway to complete statutory processes before year-end.
Key checkpoints include detailed execution progress on the Uttar Pradesh solarisation contracts, disclosure of the AGM date and agenda and any updates on additional order inflows. Monitoring subsidiary to parent consolidation effects and working capital dynamics will be pertinent through FY 2025- 26.
On September 25, 2025, Dharan Infra-EPC share price opened at ₹0.60 on NSE. The stock is trading at ₹0.60 as of 12:40 PM. The stock registered an upper circuit of 1.69%.
Over the past week, it has moved up by 7.27%, over the past month, it has moved up by 43.90%, and over the past 3 months, it has moved up by 22.92%.
Upper circuit moves in Dharan Infra-EPC reflect a mix of contract visibility in renewables and governance clarity via AGM extension, underpinning near term sentiment. Execution pace through April 2026 and forthcoming disclosures will shape sustainability of the recent price action.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in securities are subject to market risks. Read all related documents carefully before investing.
Published on: Sep 25, 2025, 1:42 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
